Alfred Erickson Garcia

When you need some extra cash, you may consider taking out a personal loan or a line of credit. Both have their own advantages and may be better suited to different situations, and both have important differences that you need to consider. In short, a loan is typically a lump sum, where as a line of credit is a revolving account that allows you to withdraw, repay and redraw available funds. Read on below to figure out which is right for your situation.

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